Learn About New Car Leases and Auto Loans in Fort Payne, AL

Found a new vehicle at Basswood Chrysler Dodge Jeep Ram that you want to drive? Then the following step is to decide whether to lease or purchase it. Rest assured, the decision is a whole lot easier to make than you might think! You just need to understand the key differences of each to figure out which one is most suitable for your individual needs. For the convenience of our customers from Gadsden, Chattanooga, and surrounding areas, we have compiled an outline of the benefits below. When you are ready to make a choice, visit our Finance Center in Fort Payne, Alabama, to meet with our experts and finalize the process.

What are the Different Advantages of Each?

Leasing a New Car

As you will come to find, leasing is in many ways like a rental program with extra benefits! It is the desirable choice for those who wish to commit to a model only for a short time period. The main stipulation is that lessees must maintain the condition of the car in question and keep its mileage count under control.

  • A lease is a more affordable option because in most cases there are low or no down payments expected up front. Monthly rates are typically lower as well, helping drivers save more money as a whole.
  • Generally, you are not obligated to stick to the same model for more than three years. In this way, leasing is like a trial period wherein drivers can explore different types of sedans, vans, trucks, and SUVs.
  • Leased vehicles are almost always included with comprehensive manufacturer warranties. That means regular auto maintenance at the dealership is often inexpensive.
  • If you conclude at the end of your lease agreement that you wish to keep the car that is currently in your possession, then you can opt to pay off the remainder of its cost to claim ownership too.

Buying a New Car

Unlike a lease whereby the model is owned by the dealer, choosing to buy it gives you more leeway. That is to say, buying is a better option for those who plan to own a car for many years and driving it for many miles from Boaz to Chattanooga and beyond! The main difference is that payments tend to be higher.

  • A purchase usually requires an auto loan, which means the monthly payments are subject to higher rates. However, at the end of a loan term, the vehicle is yours and yours alone to keep.
  • Paying off an auto loan is also a fantastic way to build your credit. Not to mention, you are building equity in doing so because you retain sole ownership after the purchase is complete.
  • Along with ownership, you will have the freedom to modify and accessorize your car as you please. The result? You can mold your driving experience to your liking.
  • If you prefer to make a different purchase, you have the freedom to sell or trade your model at any time too because you are not restricted to a lease term.


Basswood Chrysler Dodge Jeep Ram

1151 Gault Ave S
Directions Fort Payne, AL 35967-4973

  • Sales: 2566779155
  • Service: (256) 304-5410
  • Parts: (256) 304-5411


  • Monday 09:00AM - 08:00PM
  • Tuesday 09:00AM - 08:00PM
  • Wednesday 09:00AM - 08:00PM
  • Thursday 09:00AM - 08:00PM
  • Friday 09:00AM - 08:00PM
  • Saturday 09:00AM - 08:00PM
  • Sunday 12:00PM - 05:00PM

Finance or Lease Your Next Vehicle at Basswood Chrysler Dodge Jeep Ram

Ready to purchase or lease a new car with Basswood Chrysler Dodge Jeep Ram? Then we invite you to make the trip from Albertville, Boaz, Scottsboro, or wherever you reside out to our location in Fort Payne, Alabama. Upon visiting our dealership, you will have the opportunity to consult a financial expert for more assistance making your final decision. That way, you can own the vehicle you want for a price that fits your budget.

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